The Basic Keynesian Model Explains How an Increase in Planned

question 108

Multiple Choice

The basic Keynesian model explains how an increase in planned aggregate expenditure can cause a(n) ________ as producers increase production at preset prices to meet the higher demand and actual output ________ the potential output.

• A) recessionary gap;falls below
• B) expansionary gap;rises above
• C) expansionary gap;falls below
• D) recessionary gap;rises above
• E) expansionary gap;remains equal to

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Definitions:

Intermediate Phenotype

A phenotype that exhibits a blend or mixture of characteristics between two extremes, often seen in incomplete dominance genetic scenarios.

Incomplete Dominance

A genetic phenomenon where neither allele of a gene fully dominates the other, resulting in a phenotype that is a blend or intermediate between the two parent alleles.

Codominance

A genetic scenario where two alleles of a gene are expressed equally in the phenotype of the organism.

Polygenic

Relating to or resulting from the influence of multiple genes, especially with regard to traits that exhibit a continuous distribution in the population.